iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 52-Week High – What’s Next?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.04 and last traded at $31.9550, with a volume of 714850 shares trading hands. The stock had previously closed at $30.97.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The company has a market cap of $1.37 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25. The firm’s 50-day moving average price is $26.89 and its 200 day moving average price is $24.40.

Institutional Trading of iShares S&P GSCI Commodity-Indexed Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi boosted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 41.5% in the 1st quarter. Amundi now owns 7,500 shares of the company’s stock worth $165,000 after purchasing an additional 2,200 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,598 shares of the company’s stock valued at $6,162,000 after buying an additional 79,531 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the first quarter worth about $5,902,000. Quadrature Capital Ltd grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 422.0% in the 2nd quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock valued at $7,961,000 after purchasing an additional 291,803 shares during the period. Finally, M Holdings Securities Inc. grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 47.4% in the 2nd quarter. M Holdings Securities Inc. now owns 132,290 shares of the company’s stock valued at $2,917,000 after purchasing an additional 42,543 shares during the period. Institutional investors own 60.67% of the company’s stock.

iShares S&P GSCI Commodity-Indexed Trust Company Profile

iShares S&P GSCI Commodity-Indexed Trust (The Trust) is an investment trust that issues units of beneficial interest (shares) representing fractional undivided beneficial interests in its net assets. The Trust’s objective is to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures and to track the investment returns of the index before payment of the Trust’s expenses and liabilities. The Trust is a commodity pool.